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When Americans went shopping in the early eighteen-hundreds, they used paper money issued by any one of hundreds of banks--the country lacked a single paper currency--and both customer and banknote would be scrutinized before being accepted. The spuriousness of much of the money in circulation made it a rich era for counterfeiters, who, as Mihm writes in this revelatory, entertaining book, enjoyed a status somewhere between that of folk heroes and alchemists, forming a demimonde of criminal clans and ...